Who Are the Russian Oligarchs?

This post is by Bruno Venditti from Visual Capitalist

Who are the Russian Oligarchs?

Who are the Russian Oligarchs?

Russia’s richest individuals have lost more than $38 billion in 2022 because of Western sanctions on Russia in reprisal for the invasion of Ukraine.

Together, the top 10 Russian oligarchs have a net worth of $186 billion, equivalent to the market cap of large publicly-traded companies like McDonald’s and AMD.

But who are the Russian ultra-rich? In today’s graphic, we use data from Bloomberg’s Billionaires Index to show Russia’s richest individuals… and how much they’ve lost due to the war so far.

Metals, Art, Luxury, and Sports

The richest person in Russia, Vladimir Potanin, has a 35% stake in Moscow-listed Nornickel.

The company is the world’s biggest producer of palladium, a metal used in vehicle catalytic converters, and also the world’s largest producer of nickel, an essential metal for EV batteries and renewable energy.

RankNameNet worth USD$ YTD change*Bloomberg List
#1Vladimir Potanin$25.9B-$5.00B53
#2Leonid Mikhelson$22.6B-$9.87B66
#3Alexey Mordashov$22.5B-$6.32B67
#4Vladimir Lisin$21.6B-$6.44B69
#5Alisher Usmanov$19.0B-$2.25B89
#6Andrey Melnichenko$17.8B+$0.35B99
#7Viktor Vekselberg$16.7B-$1.79B107
#8Roman Abramovich$14.1B-$3.90B132
#9Mikhail Prokhorov$13.8B-$0.23B138
#10Suleiman Kerimov$11.8B-$3.37B177

*Based on Bloomberg Billionaires Index, as of March 24, 2022

Former First Deputy Prime Minister of Russia and a close associate to President Vladimir Putin, Potanin is a major benefactor of the arts. He recently stepped (Read more...)